Daily Archives: April 11, 2017

GNM Shalva Amiranashvili Museum of Fine Arts invites you to the exhibition “Georgian Painting of the First Half of the Twentieth Century”. The opening event will take place on April 6, 2017 at 5 pm. The exhibition features the best works of artists who laid the foundations for the 20th …

In May, entrepreneurs of Azerbaijan, Turkey and Georgia engaged in small and medium-sized businesses will come together in a single online platform for trade, Daily Sabah reported with reference to CEO of the Turkish World Business Platform Foundation (WSF) Tunch Uyanik. This initiative is aimed at protecting small and medium-sized …

The Trans-Anatolian Natural Gas Pipeline (TANAP) project is important, especially for Turkey, Georgia and European countries, as it will reduce dependence on other gas resources from places such as Russia, according to Azerbaijan’s energy minister. “The TANAP project is important not only because it supplies a significant volume of gas …

More than 35.5 million air travelers went through Turkey’s airports in the first three months of 2017, according to statistics released by the General Directorate of State Airports Authority. The number of passengers on international flights fell 7 percent year-on-year to almost 12.5 million in the first quarter. In the …

Standard & Poor’s positively estimates Q1, 2017 for Georgia.vDeputy Finance Minister has met analysts of International Rating Company. Nikoloz Gagua talked about the reforms and achieved economic growth of 4.8% through January-February. Standard &Poor’s has assigned a credit rating of “BB-” level, the forecast “stable” and it will be reviewed …

Fazzoletto, a new Georgian brand with new concept and profile, has appeared on Georgian market. The company has determined priority directions – businessmen, who prefer business and classic styles. At this stage, the company offers accessories made by two Georgian designer girls – handkerchiefs and ties. Fazzoletto products appeared at …

Microsoft Georgia and E-Space Ltd. startup announced cooperation. E-Space, the first Georgian company dedicated to support electric vehicles and technologies, becomes a BizSpark member and will be running its business on Microsoft Azure platform. Microsoft BizSpark is a global program that helps startups succeed by giving them free access to …

European Neighborhood Programme for Agriculture and Rural Development (ENPARD) has published an annual report on development of agriculture cooperatives financed by EU in Georgia. Under the report, the program has financed more than 260 cooperatives (financial component will be maintained in 2017 too). ENPARD has invested about 12 million GEL, …

Having successfully completed a modern international-standard residential house, Well House is starting a new construction project in ‘Dream City’, located on 3 University Street. Total investment for the two ‘dream houses’ exceeds $25 million. The Georgian development firm also has plans for the local hotel market. In one year’s time, …

On March 30 Hostel Pinn was unveiled at Lermontov Street N17, Sololaki, in about 300 meters from Freedom Square. The building was constructed in 1907 and it harmonizes old exterior with modern equipment and modern interior design. Hostel Pinn is a family business. Gabo Meliva is one of the representatives …

Corporate income tax (CIT) is one of the six taxes defined by the Georgian tax legislation. In 2014 CIT was 11.5% of all tax revenues and 2.8% of GDP. Pursuant to the tax code of Georgia taxable profit shall be a taxable object of a resident enterprise. Article by Giorgi …

GDG company will invest 11 million USD in construction of 2 hotels in Tbilisi. The company director Bezhan Tsakadze told Business Course that one hotel will open on Mtatsminda, Kipiani Street, near Mama Daviti Rise, another will open on the right bank of the river Mtkvari, nearby Vakhushti Bridge. The …